The economic goals of public corporation is to

Assessment: WAEC SSCE - Economics - 2003 (Objective) Subject: Economics

Question 1 Report

The economic goals of public corporation is to
Answer Details
The economic goals of a public corporation is to provide essential services. Public corporations are established by the government to provide services that are essential to the society. These services may not be profit-oriented, but they are necessary for the well-being of the people. Some examples of public corporations are public hospitals, schools, and utilities such as electricity and water supply. The main goal of these corporations is to provide affordable and accessible services to the public while ensuring quality and sustainability. Unlike private corporations, the profit motive is not the driving force of public corporations, but rather the provision of essential services.

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